✨ Financial Performance Ratios
Ratios:*
Accounting return on total assets:
(Earnings before interest, depreciation and tax divided by average total funds employed)
Accounting return on equity:
(Net profit after tax plus after tax effect of depreciation divided by average total shareholders' funds)
Accounting rate of profit:
(Earnings before interest, depreciation, and tax less cash tax less interest tax shield plus revaluation divided by average total funds employed minus half revaluation)
These financial performance ratios are set out in the First Schedule, Part II.
(DEFICIT) / SURPLUS BEFORE TAXATION
| 1998 | 1997 | ||
|---|---|---|---|
| Line Activities | Electricity Retailing Activities | Generation Activities | Other Activities | Total Activities | Line Activities | Electricity Retailing Activities | Generation Activities | Other Activities | Total Activities | |
| $000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | $000 | |
| After charging: | |||
| ------------------------ | ---------------------------------------- | ------------------------ | ---------------------------------------- |
| Change in provision for doubtful debts | - | 312 | - | - | 312 | - | 270 | - | (110) | 160 |
| Depreciation | 18,132 | 3 | 11,167 | 9,069 | 38,371 | 16,507 | 31 | 2,679 | 10,676 | 29,893 |
| Bad debts written off | 878 | 60 | - | 2,931 | 3,870 | 221 | 2,218 | - | - | 2,439 |
| Interest | - | - | 11,963 | 13,453 | 25,416 | - | - | 1,720 | 20,408 | 22,128 |
| Interest - interdivisional | 35,546 | - | 670 | 6,072 | - | 35,074 | - | 454 | 2,845 | - |
| Loss on sale of fixed assets | - | - | 313 | 1,058 | 1,371 | - | - | - | 260 | 260 |
| Rental and operating lease costs | 45 | 46 | 81 | 1,023 | 1,195 | - | - | - | 1,068 | 1,068 |
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VUW Te Waharoa —
NZ Gazette 1998, No 160
NZLII — 🌐 NZ Gazette 1998, No 160
✨ LLM interpretation of page content
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Mercury Energy Limited Financial Performance Statement
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